China Construction Bank H1 2026 Profit Up 4.62%

China Construction Bank (601939.SSE, 00939.HK) announced a 4.62% year-over-year increase in net profit for the first half of 2026, reaching 169.564 billion yuan. This growth comes alongside a 10.72% rise in operating revenue, which totaled 436.529 billion yuan for the same period. The results provide a snapshot of the bank’s performance amidst a complex global economic landscape and a shifting domestic economy.

As of June 30, 2026, the bank’s total assets reached 47,328.244 billion yuan, a 3.72% increase from the end of 2025. Shareholders’ equity attributable to the bank also grew, rising 4.01% to 3,810.182 billion yuan. The bank’s net profit after deducting non-recurring gains and losses increased by 4.13% to 168.269 billion yuan. While net profit grew, the net cash flow from operating activities experienced a significant decline of 72.09%, registering at 350.683 billion yuan. The bank’s annualized weighted average return on equity decreased slightly to 9.52% from 10.08% year on year.

The bank's financial health appears stable, with a capital adequacy ratio of 19.42%. No NPL ratio was explicitly stated in the excerpt, but the report indicates asset quality remains generally stable. The board of directors proposed a cash dividend of 2.010 yuan (tax inclusive) for every 10 shares held, pending shareholder approval, and will not be making any capitalizations from retained earnings.

Management highlighted the complex global economic environment, characterized by slowing growth, geopolitical tensions, and rising inflation. They emphasized China’s economic resilience and the proactive policies implemented to support growth. Looking ahead, the bank plans to focus on supporting national strategies, improving financial services for businesses and consumers, and enhancing its global service capabilities. They will also focus on the “five articles” of finance, including technology finance.